The long-struggling chain reported better-than-expected revenue for its Q1 2025, although operating losses grew as it plans to shutter over a thousand locations. Shares in Walgreens Boots Alliance, Inc.

Walgreens Boots Alliance posted a wider quarterly loss, hit by the costs of closing stores and weaker retail sales, but shares surged after a smaller-than-expected drop in adjusted earnings. Walgreens shares soared more than 28% to$11.

Shares of Walgreens Boots Alliance were trading sharply higher after the retail pharmacy chain reported strong quarterly earnings. For its fiscal first quarter ended Nov. 30, Walgreens reported adjusted earnings of 51 cents a share,